LONDON (AFX) - Base metals were stronger across the board, reversing yesterday's losses as the commodities benefited from a weaker US dollar, but with copper bucking the trend to trade modestly lower.
Analysts said copper had posted fairly solid gains last week in anticipation of the Escondida strike and the market was balancing concerns over slowing economic growth against worries over supply disruptions at key mines.
At 11.50 am, LME copper for three-month delivery was at 7,875.00 a tonne, down slightly from 7,890.00 usd at the close yesterday, while nickel was up at 26,125.00 usd a tonne against 25,900.00 usd.
copper bucks trend
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